On Thursday, investors continued to manage the escalating trade tensions, which put pressure on stock futures.
Dow Jones Industrial Average-related futures fell 402 points, or around 0.9%. Futures on the Nasdaq-100 and S&P 500 both saw losses of more than 1%.
Following the White House’s announcement on Wednesday that it will postpone tariffs on automakers whose vehicles adhere to the US-Mexico-Canada Agreement by one month, the prices have dropped. The major averages rose on Wednesday as traders’ expectations that Trump would grant further exemptions were bolstered by this.
Source (CNBC)
